Only works on exchanges with a real-name bank partnership; most platforms lost KRW trading in the 2021 registration round.
Bank account opening by minors and by foreigners
funding rail
BLOCKED
Blocked since a 2018 measure barring under-18s and foreigners from opening bank accounts for crypto deposits.
Tax note — South Korea
A 22% tax applies to annual crypto gains exceeding 2.5 million KRW (approximately $1,740), effective January 1, 2027.
FAQ
Frequently asked questions
Is crypto legal in South Korea?›
Crypto trading in South Korea is legal.
Which trading platforms are available in South Korea?›
South Korea residents can choose from 31 platforms, including Aevo, ApeX and Aster.
What are the crypto tax rules in South Korea?›
For crypto traders in South Korea: A 22% tax applies to annual crypto gains exceeding 2.5 million KRW (approximately $1,740), effective January 1, 2027.
Which payment methods are blocked for crypto trading in South Korea?›
In South Korea, Bank account opening by minors and by foreigners is not available for crypto funding.
What are the rules for leveraged crypto trading in South Korea?›
On derivatives: Unconfirmed for crypto specifically.